Washington Township offers rich benefits while saving $100,000 annually
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“With cost savings of about $100,000 a year with self-funding, Great-West enables us to provide comprehensive coverage at no cost to employees.” –Mike Barlow, Finance Director, Washington Township
Washington Township is located in southwestern Ohio, within Dayton. The township’s roots go all the way back to 1796, when the state of Ohio was divided into hundreds of townships. Ohio has preserved this original form of government, which oversees public roads, police protection, fire protection, park maintenance, cemeteries, some recreational facilities, zoning restrictions and waste disposal. Today, Washington Township offers a well-balanced mix of residential developments and open space, as well as a strong business base and convenient shops and restaurants. It is home to more than 31,000 people in the unincorporated area, and another 21,000 in the incorporated area, the City of Centerville.
Benefits needs:
- Washington Township aims to offer health coverage at no cost to employees.
- With its previous carrier, it faced increasing premiums although it had relatively low plan usage.
- Operating on taxpayer revenue, the township has an extra incentive to keep costs down.
Solution from Great-West Healthcare, now part of CIGNA:
- For 11 years, self-funding through Great-West Healthcare has kept the township’s costs significantly below what it would pay in premiums, saving $100,000 annually.
- Savings add up to $1.3 million over the past 11 years, which has enabled the township to keep covering 100 percent of insurance costs for employees beyond deductibles.
- The township offers employees rich benefits and a nationwide PPO plan.
- Washington Township has the flexibility to change its plan design regularly to further cut costs or enhance coverage.